Re: [CANSLIM] e trade

From: Steve F <stevepdv@yahoo.com>
Subject: Re: [CANSLIM] e trade
Date: Wed, 6 Jun 2001 11:47:16 -0700 (PDT)

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When a stop order is place,  once the stock hits that
stop price a market order is put in. You have no
guarantee that the sale will take place at the stop
price.  I believe the term is 'slippage' for the
difference between what the last trade was and what
you actually were able to sell for. The problem of the
big spread usually occurs with thinly traded stocks. 
You can always call the broker and question why the
big difference between the stop and the actual sale.

Steve






- --- Kent Norman <kent_norman@yahoo.com> wrote:
> Was it after regular trading hours?
> 
> Check the archives. Someone posted the ways stops
> are
> treated on various exchanges during and before/after
> hours.
> 
> Regards
> Kent Norman
> 
> --- BIKEAR@aol.com wrote:
> > I put a stop in at 53.90 and etrade stopped it out
> > at 551/4 can anyone 
> > explain why they stopped it there
> > 
> 
> 
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